2005 Idaho Code - 69-223 — NEGOTIABLE WAREHOUSE RECEIPTS FOR COMMODITIES STORED -- CONTENTS -- CONDITIONS -- PENALTIES

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 2
                             BONDED WAREHOUSE LAW
    69-223.  NEGOTIABLE WAREHOUSE RECEIPTS FOR COMMODITIES STORED -- CONTENTS
-- CONDITIONS -- PENALTIES. Every negotiable warehouse receipt issued for
agricultural commodities stored in a warehouse licensed under the provisions
of this chapter shall be issued in accordance with, but not limited to, the
following:
    (1)  Every negotiable warehouse receipt issued for agricultural
commodities stored in a warehouse licensed under the provisions of this
chapter shall embody within its written or printed terms:
    (a)  All the requirements of a negotiable warehouse receipt under the
    Uniform Commercial Code--Documents of Title.
    (b)  A description of the agricultural commodities received, showing the
    quantity thereof, or, in case of agricultural commodities customarily put
    up in bales or packages, a description of such bales or packages by marks,
    numbers, or other means of identification and the weight of such bales or
    packages.
    (c)  The grade or other class of the agricultural commodities received and
    the standard or description in accordance with which such classification
    has been made: provided, that such grade or other class shall be stated
    according to the official standards of the state applicable to such
    agricultural commodities as the same may be fixed and promulgated under
    authority of law; provided further that until such official standards of
    the state for any agricultural commodity or commodities have been fixed
    and promulgated, the grade or other class thereof may be stated in
    accordance with any recognized standard; provided, that unless otherwise
    required by law, when requested by the depositor of other than fungible
    agricultural commodities, a receipt omitting compliance with this
    subdivision may be issued if it has plainly and conspicuously embodied in
    its written or printed terms a provision that such negotiable warehouse
    receipt is not graded.
    (d)  A statement that the negotiable warehouse receipt is issued subject
    to the provisions of this chapter and the rules prescribed hereunder.
    (e)  Such other terms and conditions within the limitations of this
    chapter as may be required by the department.
    (f)  All negotiable warehouse receipts issued under the provisions of this
    chapter, shall be upon forms prepared and supplied by the department and
    issued upon requisition of the warehouseman at a reasonable cost.
    (2)  Any warehouseman, agent, employee or manager of a public warehouse
licensed under the provisions of this chapter who shall remove or allow to be
removed any commodities from the facility on which the negotiable warehouse
receipt was issued, except to preserve the same from fire or other damage, or
except when an emergency storage situation exists as determined by the
director, without the return and cancellation of any and all outstanding
negotiable warehouse receipts that may have been issued to represent such
commodities shall be guilty of a felony and be punished by imprisonment in the
state prison not to exceed ten (10) years, or by a fine of not more than ten
thousand dollars ($10,000), or by both.